Growth Metrics

Backblaze (BLZE) Net Margin (2020 - 2025)

Backblaze's Net Margin history spans 6 years, with the latest figure at 10.17% for Q3 2025.

  • Quarterly Net Margin rose 2897.0% to 10.17% in Q3 2025 from the year-ago period, while the trailing twelve-month figure was 24.37% through Sep 2025, up 1345.0% year-over-year, with the annual reading at 38.03% for FY2024, 2051.0% up from the prior year.
  • Net Margin came in at 10.17% for Q3 2025, up from 19.55% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 10.17% in Q3 2025 to a low of 73.15% in Q1 2023.
  • The 5-year median for Net Margin is 42.48% (2023), against an average of 42.75%.
  • Year-over-year, Net Margin plummeted -4098bps in 2022 and then skyrocketed 3627bps in 2024.
  • Backblaze's Net Margin stood at 51.37% in 2021, then fell by -23bps to 63.22% in 2022, then surged by 33bps to 42.48% in 2023, then fell by 0bps to 42.55% in 2024, then soared by 76bps to 10.17% in 2025.
  • Per Business Quant, the three most recent readings for BLZE's Net Margin are 10.17% (Q3 2025), 19.55% (Q2 2025), and 26.94% (Q1 2025).